Can a Company obtain Unsecured loans from outsiders (i.e. other than shareholders, directors or their relatives)? Is there any difference between a Private Limited and a Public Limited Company, as far as above question is concerned?

I just wanna know whether the construction of roads within the factory premices are to be treated as part of fixed assets or whether to write it off wholly during the year of expenditure?
Clarifiction will be of great help.

we are C& f agents of petroleum company.we receive commission & reimbursement from petroleum company.
i want to know what is accounting entry for reimbursement.whether we have to open reimbursement expenses a/c.whether it will come under indirect expenses.

Respected Sir / Madam,

I Prabhakar Dubey passed the 1st group of CA final, however I was failed in Cost management by getting only 30 marks.

Again I failed in Cost management only and get exemption in Direct Taxes.

Now I have to give only three papers in 2nd Group, but still I am not confident in Cost management.

Please provide me the guidance to pass in Cost management as it is very tough to me to pass this papers only.

Regards,

Prabhakar Dubey

Can any one provide me the list of Indian Companies preparing financial statements in accordance with IFRS and the link for their annual reports?

We have old assets being depreciated at WDV in Financial Books. Now We want to buy Assets 9 Plant & Machinery ) and depreciate them at SLM.
1.Is both method allowed?
2.If Allowed what is the procedure?
3.What disclosures are required?

If director purchase a mobile phone and paid the amount from company can we treat that mobile is company asset?

and same case in employee

any one provide full information on brs

hello all
plz send me reply

what is gaap
what are the principle in it plz explain it
widely with example if possible


thanks

I want to know that is it possible that we can do posting in ledgers without journalising it on paper as well as in mind ........i mean tio say that is it necessary to either think or to write journal entries while posting in ledger?

can we do posting in ledger with raw data without jounalising it especially in case of companies.......?

If we open securities premium a/c , share discount a/c , calls in areears a/c , share application a/c , share allotment a/c and calls a/c in ledger than it is necessary to pass jounal entries and if we do direct posting than is there any chances for mistakes?

I tried .i am able to know when will the account will be debited or credited but not able to know the opposite account without the help of journal entries ..........

please reply